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Techmeme
February 28, 2024, 11:20 PM
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Top News

Mark Gurman / Bloomberg:
Tim Cook says Apple will “break new ground” on generative AI this year; Apple shareholders reject a request for report into whether Apple is using AI ethically  —  - Shareholders approve recommendations for board, executive pay  — Longtime directors Al Gore and James Bell officially step down
New York Times:
Sources detail Apple's $10B+ car project: years of disagreements on whether it should be a self-driving car or just an EV, talks with Musk on buying Tesla, more  —  Internal disagreements over the direction of the Apple car led the effort to sputter for years before it was canceled this week.
Alex Koller / CNBC:
EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023  —  - EA announced Wednesday that it will cut 5% of its workforce.  — The video game company employed 13,400 workers as of the end …
Reuters:
Coinbase says all services on its website have been restored after an issue on February 28 caused some users to see a zero balance in their accounts  —  Coinbase Global (COIN.O) said on Wednesday that all services on its website have been restored after an issue earlier in the day caused …
Mehtab Ansari / Smartprix:
Alleged renders of Samsung's Galaxy Z Fold 6 show a boxy frame, flat sides, and dimensions that make it slightly shorter and wider than its predecessor  —  The Galaxy Z Fold 6, leaks and rumors about the device have been floating around for a while now and yesterday we reported …
Leo Schwartz / Fortune:
Gemini agrees to return over $1B to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn  —  The New York Department of Financial Services on Wednesday announced a settlement with Gemini, the crypto firm founded by the Winklevoss twins …
Ben Lovejoy / 9to5Mac:
Kuo: Vision Pro demand is higher than Apple originally expected, with US shipments expected to hit 200-250k units this year; return rates are now below 1%  —  Analyst Ming-Chi Kuo believes that Vision Pro demand is higher than Apple originally expected, with US shipments expected to hit 200-250k units this year.
Karissa Bell / Engadget:
President Biden signs an EO that aims to limit the mass-sale of Americans' personal data like geolocation to “countries of concern”, including China and Russia  —  The bulk sale of geolocation, genomic, financial and health data will be off-limits to “countries of concern.”
Dara Kerr / NPR:
Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details  —  WAIMEA, Hawaii — A life-size bronze statue of a cowboy sits at the center of Waimea.  The cowboy is riding a horse, lasso in hand, pursuing a wild bull.
Reuters:
FCC Chair Jessica Rosenworcel proposes subjecting carmakers to the Safe Connections Act to protect domestic abuse survivors from misuse of internet car systems  —  The chairwoman of the Federal Communications Commission on Wednesday proposed a potential new rule that would subject automakers …
Jonathan Vanian / CNBC:
Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 20%+  —  - Snowflake said CEO Frank Slootman, who took the company public in 2020, is retiring.  — The stock dropped in extended trading.
Jon Swartz / MarketWatch:
Salesforce reports Q4 revenue up 11% YoY to $9.29B, vs. $9.2B est., FY 2025 revenue guidance below est., and announces a $10B increase in its share buyback plan  —  Software giant also announces dividend, share buyback  —  Salesforce Inc.'s stock initially slipped 4% in after-hours trading Wednesday …
Reuters:
Sources: cloud storage service Egnyte has hired underwriters for a US IPO as early as this year that could value it at $3B+; Egnyte was valued at $460M in 2018  —  Cloud storage service Egnyte has hired underwriters for an initial public offering (IPO) in New York that could value it at more than $3 billion …
Kyle Wiggers / TechCrunch:
Adobe unveils Project Music GenAI Control, a platform that can generate audio from text descriptions or a reference melody and let users customize the results  —  There's plenty of GenAI-powered music editing and creation tools out there, but Adobe wants to put its own spin on the concept.
The Information:
Sources: Meta plans to launch Llama 3 in July, as the company tries to overcome a perceived problem that Llama 2's answers for contentious topics are too “safe”  —  As Google grapples with the backlash over the historically inaccurate responses on its Gemini chatbot, Meta Platforms is dealing with a related issue.
Hannah Miao / Wall Street Journal:
Webull plans to go public via a SPAC merger with SK Growth Opportunities around September 2024 and expects to raise ~$100M, valuing the online brokerage at $7B+  —  The brokerage, which surged in popularity during the GameStop mania, had previously considered an IPO

Sponsor Posts

Google:
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UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future  —  Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
6 Tips to Unlock Revenue with Transactional Emails  —  This is a guest post by Tabular.You might think of transactional emails as boring necessities, but the truth is, they're far more powerful than you realize.
IDrive:
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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:20 PM ET, February 28, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Sara Fischer / Axios:
PBS and a public TV affiliate in Minnesota sue the Trump administration, saying his executive order to cut federal funding violated PBS' First Amendment rights

Brian Stelter / CNN:
OAN chief Pentagon correspondent Gabrielle Cuccia says she was fired after criticizing Defense Secretary Pete Hegseth's media restrictions at the Pentagon

Max Tani / Semafor:
The California State Senate opens an inquiry into whether Paramount's reported $15M proposed settlement with Trump violated bribery and unfair competition laws

More News

Rachel Metz / Bloomberg:
Toronto-based Ideogram, which is introducing a text-to-image AI model that generates images with legible text, raised an $80M Series A led by a16z
Caitlin Ostroff / Wall Street Journal:
Memo: SBF's lawyers suggest a short sentence of five to six years in prison, citing medical conditions, including autism, and his philanthropic giving
Manish Singh / TechCrunch:
India's two leading streamers, JioCinema and Disney+Hotstar, to merge after Reliance, its portfolio company Viacom18, and Disney merge their businesses in India

Earlier Picks

Angel Au-Yeung / Wall Street Journal:
Sources: Stripe and some investors agreed to buy $1B+ of current and ex-employees' shares, valuing it at $65B, up from $50B in 2023, but down from $95B in 2021
Financial Times:
A detailed look at the modern chip manufacturing process, involving more than a thousand precisely controlled steps to create a single integrated circuit
Ingrid Lunden / TechCrunch:
Thrasio, which raised $3B+ in equity and debt to acquire third-party Amazon sellers, files for Chapter 11 bankruptcy and secures $90M in emergency funding
Bloomberg:
Sources: Google included a technical fix to reduce bias in Gemini's image generation outputs, but didn't anticipate the overcorrection and wasn't transparent
Byron Tau / Wired:
A look at some government contractors that are helping US intelligence agencies and others use targeted mobile ads to track down people
Anton Shilov / AnandTech:
Samsung launches 36GB 12H HBM3E DRAM for AI, slated for mass production in H1 2024, with 50%+ more peak bandwidth and capacity compared to its previous HBM gen
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